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TVA


Mr. Bruno Gasparotto

The BlackRock VAT case: an impossible combination of artificial intelligence and the VAT exemption?
06/07/2020

On 2 July 2020, the Court of Justice of the European Union (“CJEU”) ruled in the case of BlackRock Investment Management (UK) Ltd (C-231/19) that a “single supply” of management services,

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Termination fees often subject to VAT

Termination fees often subject to VAT
15/06/2020

Following a ruling of the CJEU, termination fees in the event of early termination of a contract are often triggering VAT. Especially in B2C-situations, were the customer does not have a right to recover VAT, such VAT is likely to result in a significant VAT burden for businesses.

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Luxembourg announces additional deadline extensions in direct tax matters

Luxembourg announces additional deadline extensions in direct tax matters
20/04/2020

A new bill seeks to grant a one-year extension for claims whose collection is entrusted to the Luxembourg tax authorities (such as direct taxes and social security claims) that would otherwise expire by 31 December 2020

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Government Economic Measures Summary

Government Economic Measures Summary
02/04/2020

Tax payment deadlines been extended

Companies and self-employed individuals deriving their income from a commercial, agricultural, forestry, or liberal profession and experiencing liquidity problems as a result of the COVID-19 pandemic may submit a request to the tax authorities for the following:

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Mr. Bruno Gasparotto

BlackRock VAT case: no exemption for management services supplied for both SIFs and non-SIFs
27/03/2020

On 11 March 2020, Advocate General Pikamäe (the “AG”) of the Court of Justice of the European Union (the “CJEU”) released his opinion in the BlackRock Investment Management (UK) Ltd case (C-231/19) concerning the VAT treatment of management services supplied by a third-party provider to a fund manager 

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COVID-19: Overview of Luxembourg supporting measures

COVID-19: Overview of Luxembourg supporting measures
26/03/2020

The Covid-19 outbreak has been declared a public health emergency of international concern by the World Health Organization, causing unprecedented impact on people's lives, businesses and communities.

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Luxembourg tax measures

Luxembourg tax measures
25/03/2020

On 17 March 2020, the Luxembourg tax authorities (LTA) published a newsletter with tax measures for businesses in the context of the COVID-19 crisis.

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Mr. Bruno Gasparotto

VAT “Quick Fixes”: simplifications and challenges for Luxembourg businesses
22/01/2020

On 23 December 2019, the Luxembourg VAT authorities issued Circular n°799, outlining the main legislative changes in Luxembourg VAT law effective as from 1 January 2020. 

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EU Council adopts VAT Implementing Regulation on new VAT rules for e-commerce

EU Council adopts VAT Implementing Regulation on new VAT rules for e-commerce
23/12/2019

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CJ rules on assessment of abusive practices and refusal to grant VAT deduction (Kuršu zeme)

CJ rules on assessment of abusive practices and refusal to grant VAT deduction (Kuršu zeme)
02/12/2019

On 10 July 2019, the CJ delivered its judgment in the case Kuršu zeme (C-273/18). The Latvian company SIA Kuršu zeme deducted input VAT charged to it by another Latvian company, KF Prema, with regard to a local supply of goods.

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